Question

Define Goodwill and explain its nature?
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Answer 1

goodwill definition. ... Goodwill arises when a company acquires another entire business. The amount of goodwill is the cost to purchase the business minus the fair market value of the tangible assets, the intangible assets that can be identified, and the liabilities obtained in the purchase

Answer 2

Hello...

Goodwill :- Goodwill is an ability to earn extra profit in future without any extra effort in future.

Nature :- It is an intangible asset. Goodwill is amortised over its useful life.

hope it helps✌